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Required information [The following information applies to the questions displayed below.) Hickory Company manufactures two products14,000 units of Product Y and 6,000 units of Product
Required information [The following information applies to the questions displayed below.) Hickory Company manufactures two products14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all $614,400 of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z: Activity Cost Pool Machining Machine setups Product design General factory Estimated Overhead Activity Measure Cost Expected Activity Machine-hours $ 198,000 10,000 MHs Number of setups $ 86,400 180 setups Number of products $ 82,000 2 products Direct labor-hours $ 248,000 12,000 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y Product Z 6,800 3,200 50 130 1 1 7,800 4,200 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal places.) Product Y Product Z Machine setups cost %
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